Examlex
Which of the following would most likely reach the long run most rapidly?
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a specific price in a given time period.
Quantity Supplied
The aggregate quantity of a product or service that suppliers are prepared and capable of selling at a particular price during a defined time frame.
Shortage
A condition where the quantity demanded of a good exceeds the quantity supplied at the market price.
Equilibrium Price
The price at which the quantity of goods supplied is equal to the quantity of goods demanded in the market.
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